Intrinsic Edge Capital Management LLC Q3 2022 vs. Q4 2022: A Look into Their Top Holdings

In the world of finance, fund managers and investors alike keep a close eye on the holdings of different funds, particularly the top ones. It gives a glimpse into the fund's strategy, the financial outlook of the companies it invests in, and how the market is behaving. This is why every quarter, institutional investment managers with at least $100 million in assets under management are required to file a Form 13F with the Securities and Exchange Commission (SEC). This form discloses the fund's equity holdings. The most recent 13F filing from Intrinsic Edge Capital Management LLC reveals interesting changes in their top holdings for Q4 2022.

GEO Group Inc (GEO)

For Q4 2022, Intrinsic Edge Capital Management LLC increased its holdings in GEO Group Inc by 0.10%, bringing its total shares to 2,709,787. The company, which specializes in real estate investment for correctional and detention management, has been plagued with controversy due to allegations of human rights violations in its facilities. Nevertheless, its revenue for Q3 2021 increased by 28.5% to $620.3 million. This increase in revenue could be a reason why Intrinsic Edge Capital Management LLC decided to keep its position in GEO Group Inc.

Ryman Hospitality Properties Inc (RHP)

Ryman Hospitality Properties Inc is a REIT that specializes in the ownership and operation of destination hotels in urban and resort markets. Intrinsic Edge Capital Management LLC increased its shares by 23.60%, making it one of the fund's top holdings as of Q4 2022. The company's revenue decreased by 60.6% to $114.2 million in Q3 2021 due to the impact of the COVID-19 pandemic on the travel and leisure industry. However, Ryman Hospitality Properties Inc has been generating positive cash flows, which could mean that Intrinsic Edge Capital Management LLC sees the potential for a recovery in the near future.

Enphase Energy Inc (ENPH)

Enphase Energy is a company that designs and manufactures software-driven home energy solutions, including solar energy systems and energy storage. For Q4 2022, Intrinsic Edge Capital Management LLC increased its holdings in Enphase Energy by 26.10%, bringing its total shares to 88,058. The company has experienced steady growth over the years, and its revenue for Q3 2021 increased by 48.3% to $367.4 million. Enphase Energy may be a promising investment for the fund, especially as the world becomes more conscious of sustainability and seeks alternatives to traditional sources of energy.

AvidXchange Holdings Inc (AVDX)

AvidXchange Holdings Inc is a software company that provides accounts payable and payment automation solutions to businesses in various industries. Intrinsic Edge Capital Management LLC added to its position in AvidXchange Holdings Inc by 48.80% for Q4 2022, with a total of 2,265,174 shares. The company's revenue for Q2 2021 increased by 43.3% to $70.5 million. AvidXchange Holdings Inc could be a promising investment for Intrinsic Edge Capital Management LLC as it offers solutions that many companies are seeking to improve their accounting and payment systems.

Five9 Inc (FIVN)

Five9 Inc is a provider of cloud contact center software for businesses of different sizes. In Q4 2022, Intrinsic Edge Capital Management LLC added 300,018 shares of Five9 Inc to its portfolio. The company's revenue for Q3 2021 increased by 33.7% to $162.8 million. Five9 Inc could be a good investment for the fund as it offers innovative solutions to improve customer service and is well-positioned to take advantage of the growth in the cloud computing industry.

The Q4 2022 13F holdings of Intrinsic Edge Capital Management LLC show a mix of companies in different industries. One of the key takeaways is the fund's increased position in Enphase Energy, which reflects a growing interest in renewable energy solutions. Overall, the fund's top holdings show that it is focused on promising companies that have shown stability amid the challenging economic conditions.